Tenant Inducements definition
Examples of Tenant Inducements in a sentence
All unpaid Leasing Commissions, unpaid Tenant Inducements Costs and Security Deposits under the Leases (to the extent not applied to delinquencies, provided the landlord has no future obligation to pay back such amounts to any such applicable Tenants) shall be credited to Buyer and/or its assign at the Closing.
Purchaser shall have no liability for (and Seller hereby indemnifies and holds harmless Purchaser from and against any claim for) any such leasing commissions and any Tenant Inducements with respect to the Lease.
Purchaser agrees not to unreasonably withhold or delay its consent and approval of the credit worthiness of the Prospect or of such terms, provisions and conditions, provided the same are reasonably consistent with the Leases and New Leases (or does not violate any provision thereof) in respect to (i) rental rates and proposed Tenant Inducements for comparable space within the Project for Prospects of comparable net worth, (ii) duration of lease term, and (iii) exclusive uses proposed for the Prospect.
All unpaid Leasing Commissions, unpaid Tenant Inducements Costs and Security Deposits under the Leases shall be credited to Buyer at the Closing.
Rents under the Lease have been paid and collected through and including August 31, 2014, and not further, and Tenant is not entitled to any Tenant Inducements.
For all purposes, upon the occurrence of any default and the lapse of the applicable cure period, if any, any Tenant Inducements shall be deemed void as of the date hereof as though such had never been included.
If Tenant has exercised its option under this Section 18.12, Landlord will prepare a lease modification agreement to amend this Lease by changing the Basic Rent to reflect the prevailing market rent and market rate, along with the Tenant Inducements.
Except as provided below, all unpaid Leasing Commissions, unpaid Tenant Inducements Costs and Security Deposits under the Leases entered into by Seller on or before August 1, 2010 (other than any letters of credit, which shall be assigned to Buyer) shall be credited to Buyer at the Closing.
Subject to section 7.3(a)(iii), in the event of damage or destruction as contemplated by this section, the Tenant will at its sole expense, at the request of the Landlord, repair and rebuild that part of the Premises so damaged or destroyed but without the benefit of any Tenant Inducements.
For all purposes, upon the occurrence of any default and the lapse of the applicable cure period, if any, any Tenant Inducements shall be deemed void as of the date hereof as though such had never been included, and the aggregate amounts (or value) thereof will be deemed to be additional rent then immediately due.